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Month: September 2013

Detroit Back In The News

Detroit Back In The News

Romney said let it go into bankruptcy…..

Obama said “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. I bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way,” 

A stunning new actuary report on Detroit’s pension implosion has revealed that Detroit trustees doled out nearly $2 billion in undisclosed holiday “bonuses” to Detroit workers and retirees negotiated by the city and its unions. Internally, officials called the bonuses “13th checks.” “People were having a hard time, living hand-to-mouth, and we thought we would give them some extra,” Detroit pension trustee spokesperson Tina Bassett said.

Almost everyone received a bonus. “Most of the trustees on Detroit’s two pension boards represent organized labor, and for years they could outvote anyone who challenged the payments,” reports the New York TimesFinancial journalist Megan McArdle, writing for Bloomberg, says the findings left her “speechless” and that “it’s hard to overstate how bad this is.”

The Times asked Detroit’s independent auditor general from 1995 to 2005, Joseph Harris, what legal authority Detroit trustees used to issue the holiday bonuses. “My understanding was, it had to be approved by City Council, and the council was under the belief that the money was there–that the pension funds were earning the money–with the consideration that in bad times the city would be making up the difference.”

Harris added: “I hate to say that. Ultimately the fund has to be funded by the taxpayers.”

The union-brokered $2 billion bonus revelation comes as President Barack Obama sent a White House delegation led by Attorney General Eric Holder to Detroit on Friday to announce a $320 million aid package.

The timing of the unfolding bonus scandal creates a politically liability for Obama, as in 2012, Obama declared that his leadership kept Detroit from going bankrupt.

Any questions?

A Nod to Breitbart for the story

Shutdown!!

Shutdown!!

Give me a break.

I have never watched Cspan for any length of time but I watched it tonight. One hour of my life wasted.

I heard from Reid, Schumer, Mcklusy, Durbin, Levin, and Murray, in one hour. Apparently closing down national parks is what happens in a shutdown. Some poor soul taking sheckles in a shack at the entrance to the park is the first to go. They get to take a few days off, which they will get compensated for in an obscure bill after this is all over with.

I don’t know how this is going to fall out politically but I can assure you this is all posturing and rhetoric. The MSM will fawn all over the dems hate speech and ya know, Fred the national park money taker has a few days off. Bummer.

Don’t forget about the Panda cub.

All is lost my friends.

SNL Takes A Shot

SNL Takes A Shot

Glad to see they are willing to take a shot at Dear Leader. Pretty damn funny SNL opening.

Update: Looks like somebody got to YouTube. It won’t let me imbed the video. Go check it out, it’s worth it. 
http://youtu.be/KszYJ1gNhM0

Obamacare For Dummies

Obamacare For Dummies

The real reason Obama insists upon making the young and healthy buy insurance they don’t want is not the relatively minor free rider problem but the potentially ruinous adverse selection problem: The most expensive patients are the ones who are most likely to sign up for coverage. To keep the official 10-year price tag of his plan below that magical $1 trillion threshold, he needs to balance sick people who rack up big bills with healthy people who pay for insurance but don’t use it. Instead of acknowledging this reality, Obama portrays the healthy uninsured as irresponsible leeches.

Yup, here is a dose of reality for all those idealistic young folks who voted for Obama without a real clue of what he was actually planning, he just views you as a money source he can leech off to support his socialist policies.

Welcome to the farm comrade.

Worse Than Scum

Worse Than Scum

These are members of the Oversight Committee who walked out of chambers before the family members of the Benghazi victims were going to speak. Much like Obama and Hillary who turned their backs on Benghazi, the lap dogs did the same thing to the surviving families. I can’t think of anything more despicable than what these people did. 

What a slap in the face to the families, but also America. I am disgusted by their actions and they should all be removed from office immediately.
What is happening to this country?

It’s Just The Taxpayers Money…Who Cares?

It’s Just The Taxpayers Money…Who Cares?

Arizona Republican Sen. John McCain hired the Syria analyst in favor of U.S. intervention who was fired for fabricating her Ph.D. Elizabeth O’Bagy, formerly of the Institute for the Study of War (ISW), will start Monday as a legislative assistant in Sen. McCain’s office.

This is the women who sold McCain a pack of lies about the Syrian rebels and their “moderate” stance, then caught in a lie about her education. Yeah seems about right for McCain right now.

McCain told Foreign Policy that “Elizabeth is a talented researcher, and I have been very impressed by her knowledge and analysis in multiple briefings over the last year.” The senator’s office said they would not make any further comment on O’Bagy’s employment.

Wrong! I would say theirs some splainin’ to do. 

Monica who??